Oil Is Up Over 70% in 3 Months

Tuesday, October 13, 2009

Oil has been moving sharply higher over the last couple of weeks, and it is now up 71.15% over the last 3 months. A move of this magnitude in any other market would normally be getting front-page headlines, sparking fears that energy prices would "break the back of the consumer." But since the consumer's back is already supposedly broken, nobody seems to care -- yet.

But rest assured that a continued increase in prices at the pump will start to be felt at some point, causing another area of concern for both the people that consume it.

Petroleum Oil Gas info Blog is a website for active online oil futures traders. We provide research and relevant oil and energy related news for the oil trader or daytrader.

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